How are Sun Lakes Arizona home values trending?
Find out in this blog report as we show you active and closed sales for May 2017 and compare that with homes sold this same period last year.
Sun Lakes AZ Market Trends May 2017
This report will show you market trends overall as well as breaking it down by community. For more detailed information or for a market analysis for your home see the last paragraph.
Sun Lakes Overall Market Trend
Sun Lakes has just under 10,000 homes in all five communities.
Currently, only 89 homes are actively listed for sale. That is extremely low inventory and creating a seller’s market for those willing to list and price their home within an acceptable comparable range. Here is the market trend info for all of Sun Lakes.
May 2017
88 homes sold
Average Sales Price and Price Per Sq Ft – $266,147.00 – $138.05
Highest Sales Price and Price Per Sq Ft – $500,000.00 – $213.33
Average days on market – 66
May 2016
85 homes sold
Average Sales Price and Price Per Sq Ft – $270,693.00 – $132.04
Highest Sales Price and Price Per Sq Ft – $840,000.00 – $213.04
Average days on market – 94
IronOaks Market Trend
IronOaks is comprised of 4,019 single family and villa homes in Ironwood and Oakwood Country Club.
Currently, 39 homes are actively listed for sale. Demand is strong for single level and villas with little inventory available.
May 2017
38 homes sold
Average Sales Price and Price Per Sq Ft – $332,280.00 – $157.70
Highest Sales Price and Price Per Sq Ft – $500,000.00 – $213.33
Average days on market – 70
May 2016
39 homes sold
Average Sales Price and Price Per Sq Ft – $341,418.00 – $145.38
Highest Sales Price and Price Per Sq Ft – $840,000.00 – $213.04
Average days on market – 104
Palo Verde Market Trend
Palo Verde was the first of the gated communities and has 1,073 homes. Currently, only 8 are actively listed for sale.
May 2017
8 homes sold
Average Sales Price and Price Per Sq Ft – $342,675.00 – $160.29
Highest Sales Price and Price Per Sq Ft – $470,000.00 – $212.38
Average days on market – 33
May 2016
8 homes sold
Average Sales Price and Price Per Sq Ft – $287,488.00 – $136.96
Highest Sales Price and Price Per Sq Ft – $320,000.00 – $150.77
Average days on market – 173
Cottonwood Country Club Market Trend
Cottonwood has 2,736 single family and villa homes and only 27 currently active for sale.
May 2017
23 homes sold
Average Sales Price and Price Per Sq Ft – $243,959.00 – $134.00
Highest Sales Price and Price Per Sq Ft – $330,000.00 – $184.47
Average days on market – 84
May 2016
21 homes sold
Average Sales Price and Price Per Sq Ft – $228,919.00 – $127.08
Highest Sales Price and Price Per Sq Ft – $290,000.00 – $163.66
Average days on market – 85
Sun Lakes Country Club Market Report
Sun Lakes Country Club (also known as Phase 1) is comprised of 2,139 single family and manufactured homes.
For purposes of this report only single family homes in this community are included. Only 9 homes are currently active for sale.
May 2017
4 homes sold
Average Sales Price and Price Per Sq Ft – $167,100.00 – $121.86
Highest Sales Price and Price Per Sq Ft – $198,000.00 – $148.46
Average days on market – 56
May 2016
10 homes sold
Average Sales Price and Price Per Sq Ft – $186,740.00 – $120.91
Highest Sales Price and Price Per Sq Ft – $232,900.00 – $145.63
Average days on market – 39
For more information on the Sun Lakes AZ real estate market contact us here.
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Check back often as we post the mid-year statistical report in early July!
